PCAOB Creates Academic Fellowship

The Public Company Accounting Oversight Board has established an academic fellowship program to recruit accounting researchers to spend a year at the PCAOBs headquarters in Washington, D.C.

This program aims to appoint an experienced accounting researcher and academic, with an active interest in auditing and oversight matters, on an annual basis. We believe the PCAOB will greatly benefit from this partnership with accounting research professionals, said acting PCAOB chairman Daniel L. Goelzer in a statement.

The first academic fellow chosen by the PCAOB will be assigned to the Office of Research and Analysis for the academic year 2010-2011 to help identify and analyze emerging accounting and auditing issues, and other risk areas that may contribute to audit failures.

The academic fellow will provide analytical support and expertise to the Office of Research and Analysis and other PCAOB staff. Specific work assignments will depend upon the current needs of the PCAOB as well as the academic fellows interests and personal qualifications.

GRC is relevant for organizations across the spectrum, from Fortune 100 multinationals to fast-growing companies aiming for international expansion, an IPO or a buyout. The traditional approach of managing risk in silos across different functions—internal audit, internal controls and compliance— and reacting to risks as they occur puts many companies at a disadvantage. Today’s environment demands a more agile and innovative approach to GRC.